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Nasdaq warns Reitar Logtech (Nasdaq: RITR) over sub-US$1.00 share price

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Reitar Logtech Holdings Limited reported that Nasdaq has notified the company it is not in compliance with Nasdaq Listing Rule 5550(a)(2) because the closing bid for its Class A ordinary shares has stayed below US$1.00 for 30 consecutive business days through March 26, 2026.

The notice does not immediately affect trading and the shares will continue on the Nasdaq Capital Market under the symbol RITR. Reitar Logtech has 180 calendar days, until September 22, 2026, to regain compliance by having a closing bid of at least US$1.00 for a minimum of 10 consecutive business days.

If compliance is not regained by that date, the company may qualify for an additional 180-day period if it meets other Nasdaq listing standards and commits to cure the deficiency, potentially including a reverse share split. Management states that business operations are unaffected and that it will monitor the share price and consider options to restore compliance.

Positive

  • None.

Negative

  • Nasdaq minimum bid price deficiency notice signals that Reitar Logtech’s shares traded below US$1.00 for 30 consecutive business days, creating a defined timeline and requirements to avoid potential delisting from the Nasdaq Capital Market.

Insights

Nasdaq bid-price deficiency raises delisting risk but leaves a clear path to regain compliance.

Reitar Logtech has fallen out of compliance with Nasdaq’s US$1.00 minimum bid rule after 30 straight trading days below that level. The shares remain listed on the Nasdaq Capital Market for now, so there is no immediate trading disruption.

The company has 180 days, until September 22, 2026, to lift its closing bid to at least US$1.00 for 10 consecutive business days. If it also meets other listing criteria, it may receive a second 180-day window, often contingent on steps such as a reverse share split.

Management indicates it will monitor the stock price and may consider a reverse share split to restore compliance. Future disclosures will clarify whether the share price recovers organically or the company uses corporate actions to meet Nasdaq’s continued listing requirements.

Minimum bid price threshold US$1.00 per share Nasdaq Listing Rule 5550(a)(2) requirement
Consecutive days below threshold 30 business days Closing bid under US$1.00 triggering deficiency
Initial compliance period length 180 calendar days Period ending September 22, 2026 to regain bid compliance
Required compliant trading streak 10 consecutive business days Closing bid at or above US$1.00 to resolve notice
Potential additional compliance period 180 calendar days Available if other Nasdaq listing standards are met
Nasdaq Listing Rule 5550(a)(2) regulatory
"not in compliance with Nasdaq Listing Rule 5550(a)(2), as the closing bid price"
Nasdaq Capital Market market
"will continue to trade on the Nasdaq Capital Market under the symbol"
The Nasdaq Capital Market is a platform where smaller, emerging companies can list their shares for trading by investors. It provides these companies with access to funding and visibility, helping them grow, much like a local marketplace where new vendors can introduce their products to potential customers. For investors, it offers opportunities to discover early-stage companies with growth potential.
reverse share split financial
"including by effecting a reverse stock split, if necessary"
A reverse share split is when a company reduces the number of its shares outstanding by combining multiple shares into one, effectively increasing the price of each share. For investors, this can help improve the company's image or meet stock exchange listing requirements, but it does not change the total value of their investment. It’s similar to turning many small pieces of a puzzle into fewer larger pieces—nothing new is added or lost, just rearranged.
forward-looking statements regulatory
"This press release contains forward-looking statements within the meaning"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
Private Securities Litigation Reform Act of 1995 regulatory
"forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995"

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington D.C. 20549

 

 

 

FORM 6-K

 

 

 

REPORT OF FOREIGN ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of March 2026

 

Commission File Number: 001-42210

 

 

 

Reitar Logtech Holdings Limited

(Translation of registrant’s name into English)

 

 

 

c/o Unit 801, 8th Floor, Tower 2, The Quayside, 77 Hoi Bun Road

Kwun Tong, Kowloon, Hong Kong

(Address of principal executive offices)

 

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

 

Form 20-F          Form 40-F

 

 

 

 

 

 

EXHIBIT INDEX

 

Exhibit No.   Description
99.1   Reitar Logtech Holdings Limited Announces Receipt of Nasdaq Minimum Bid Price Notice

 

1

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  Reitar Logtech Holdings Limited
   
  By: /s/ Kin Chung Chan
  Name:  Kin Chung Chan
  Title: Director, Chairman and Chief Executive Officer
     
Date: March 31, 2026    

 

2

Exhibit 99.1

 

 

Reitar Logtech Holdings Limited Announces Receipt of Nasdaq Minimum Bid Price Notice

 

Hong Kong, March 31, 2026 — Reitar Logtech Holdings Limited (Nasdaq: RITR) (the “Company”) today announced that on March 26, 2026, it received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company is not in compliance with Nasdaq Listing Rule 5550(a)(2), as the closing bid price of the Company’s ordinary shares was below US$1.00 per share for the last 30 consecutive business days. The notification has no immediate effect on the listing or trading of the Company’s Class A ordinary shares, which will continue to trade on the Nasdaq Capital Market under the symbol “RITR”.

 

In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has been granted a compliance period of 180 calendar days, or until September 22, 2026, to regain compliance. If at any time during this compliance period the closing bid price of the Company’s Class A ordinary shares is at least $1.00 for a minimum of 10 consecutive business days, Nasdaq will provide the Company with written confirmation of compliance and the matter will be closed.

 

If the Company does not regain compliance by September 22, 2026, the Company may be eligible for an additional 180-calendar day compliance period, subject to Nasdaq’s determination that the Company meets the continued listing requirement for market value of publicly held shares and all other initial listing standards for the Nasdaq Capital Market, other than the minimum bid price requirement, and provided that the Company notifies Nasdaq of its intention to cure the deficiency during the second compliance period, including by effecting a reverse stock split, if necessary.

 

The Company’s business operations are not affected by the receipt of the Notification Letter. The Company intends to monitor the closing bid price of its Class A ordinary shares and may, if appropriate, consider implementing available options, including, but not limited to, implementing a reverse share split of its outstanding Class A ordinary shares, to regain compliance with the minimum bid price requirement under the Nasdaq Listing Rules.

 

Forward-Looking Statements

 

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, statements regarding the Company’s intentions, expectations and plans to regain compliance with Nasdaq’s continued listing requirements. These forward-looking statements are based on current expectations and involve risks and uncertainties that may cause actual results to differ materially from those expressed or implied by such statements. The Company undertakes no obligation to update any forward-looking statements, except as required by law.

 

Contact:

 

Investor Relations

Reitar Logtech Holdings Limited

Unit 801, 8/F, Tower 2, The Quayside,

77 Hoi Bun Road, Kwun Tong, Kowloon, Hong Kong

 

 

FAQ

What Nasdaq notice did Reitar Logtech (RITR) receive in March 2026?

Reitar Logtech received a Nasdaq notice on March 26, 2026 stating it is not in compliance with Listing Rule 5550(a)(2) because its closing bid price stayed below US$1.00 for 30 consecutive business days, triggering a formal minimum bid price deficiency process.

Does the Nasdaq minimum bid price notice immediately affect Reitar Logtech (RITR) trading?

The notice has no immediate effect on trading. Reitar Logtech’s Class A ordinary shares will continue to trade on the Nasdaq Capital Market under the symbol RITR while the company works within the compliance period to restore its closing bid above the required threshold.

How long does Reitar Logtech (RITR) have to regain Nasdaq bid price compliance?

Reitar Logtech has 180 calendar days, until September 22, 2026, to regain compliance. It must achieve a closing bid price of at least US$1.00 per share for a minimum of 10 consecutive business days during this period to satisfy Nasdaq’s minimum bid price rule.

Can Reitar Logtech (RITR) receive more time if it misses the September 22, 2026 deadline?

If Reitar Logtech does not regain compliance by September 22, 2026, it may be eligible for an additional 180-day period, provided it meets all other initial listing standards and informs Nasdaq how it intends to cure the deficiency during this second compliance window.

What actions might Reitar Logtech (RITR) take to regain Nasdaq bid price compliance?

The company plans to monitor its closing bid price and may consider available options, including a potential reverse share split of its outstanding Class A ordinary shares, to lift the share price and restore compliance with Nasdaq’s minimum bid price requirement.

Are Reitar Logtech’s (RITR) business operations impacted by the Nasdaq notice?

Management states that business operations are not affected by the Nasdaq notification letter. The issue relates specifically to the company’s share price falling below the US$1.00 minimum bid level required for continued listing on the Nasdaq Capital Market.

Filing Exhibits & Attachments

1 document
Reitar Logtech Holdings Limited

NASDAQ:RITR

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